St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-15
l..
New York.

NEW YORK, March I4.-Money on call easy
ut SO to per cent. Last loan at 80 per
cent. and closed at 304 per cent. Prime mer
camille paper, soc per cent. Sterling ex-
change weak at 81. "a for sixty days and
S4.S7 for demand. The new week opened on
the stock exchange with moderately active
and weak market, with a more general distri-
button of the business and interest than has
been seen for some time. There was q
marked disposition to buy shown by the for
eign houses early in the day, but the pressure
of stocks for sale and the persistent hammer
ing by the bears soon became too much for
the weak support given TO prices and gen.
eral decline, which affected the entire list,
followed. The general feeling was con-
siderably mixed, but the waiting policy
of the advocates Of higher prices gave the
bears an opportunity to raid the railroads.
The market displayed considerable feveriSh
ness, but Soon became decidedly weak
throughout, while the Baltimore & Ohio deal
Still continues to be the principal disturbing
clement. The weakness displayed, with ru-
mors circulated in regard to Hooking Valley,
became greater factor in creating bearish
temper. The stories circulated were to the
effect that the company is in serious financial
di faculties and that default is probable at
the next interest payment of skies. There was
considerable talk of q receiverShip as well.
Richmond IL West Point was next in order of
weakness, there being very sharp pressure
on that stock. The general list sympathiZes
closely, although its movements were not
so wide. The bears used the increasing scar
city of money very freely as lever to de-
press values. Although the closing rates
were low, the opening this morning was de-
cidedly strong and the advances over Satur-
days final figures ranged up to 20 per cent.
There were furthur small gains in the early
trading, but before the end of the first fifteen
minutes the market was declining under the
leadership of Hooking Valley, Richmond g.
West Point and Union Pacific. After the first
hour there was a period of dizziness, but the
pressure was soon reacted, and this tendency
continued until p. ~. That time there was
a fractional rally, which WAS followed in turn
by the loss Of the small gains recorded. The
last hour showed a much better feeling, and
the close was quiet but firm at small fractions
better than the lowest of the day. The entire
list is lower this evening, though the losses
are for fractional amounts only, except
fer Hooking Valley, As, and Texas
Pacific l per cent, while Nor
ris s. Essex was an exception at
in showing a gain of ~ per cent. Railroad
bonds sympathiZed very closely with shares,
and the market was dull and heavy to weak
throughout the day. Sales to-day aggregated
e64, 900. Hooking Valley issues were the only
special features. and while the trading in
them was comparatively light, the general
SKIES are per cent. lower at 70, and the con-
soils per cent. lower at rs, after selling q: IS.
Other important declines comprise Baltimore
Il Ohio IS per cont. to 10, Utah Southern
extension lists declined 2s4 to 81, Texas Pacific
income trust receipts = to IL, Mobile &
Ohio lists, debentures, to 81. Gov
eminent bonds were dull and steady
States bonds were dull but firm. The total
sales of stocks to-day were 30l, 2I0 shares in
GLIDING:
Canada Southern $500 Northwestern. $3.50
Del. Lack. e. w ..23. s00lN. ]. Central. -. 3.6OS
Erie ..27, $50 Reading. IA, 800
Hooking Valley II, III st. Paul. Ii, 565
Kansas Texas. 4,T26i Union Pacific. q ,376
Lake Shore. .20, 37S West. Union. .29, $50
Louis. g. Nash. =. 6, 03U 49,.